Education
About Us
Working with TipRanks
Follow Us
Real Brokerage (REAX)
NASDAQ:REAX
Earnings Data
Report Date
May 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.03Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong top-line growth (revenue +56% Y/Y), meaningful operating leverage, improving profitability metrics (adjusted EBITDA +57% Y/Y) and positive operating cash flow with a debt-free balance sheet and share repurchases. Growth in agent count (+31% Y/Y), rapid adoption of AI tools (LEO) and early traction in ancillary products (mortgage, title, Wallet) are notable positives. Near-term headwinds include margin compression from a higher share of post-cap transactions, a slow start to 2026 due to seasonality/weather, transitional drag in the title JV rollout, and continued but shrinking GAAP losses. Overall, the progress and scale demonstrated across core brokerage operations and the company’s liquidity position outweigh the near-term mix and seasonal pressures.Company Guidance
Strong Revenue and Transaction Growth
Fourth-quarter revenue grew 44% year-over-year to $505M; full-year revenue grew 56% to nearly $2.0B (from $1.3B in 2024). Closed transactions in Q4 increased 38% to nearly 49,000 and the company completed over 185,000 transactions for the year.
Improving Profitability and Cash Generation
Adjusted EBITDA rose 56% in Q4 to $14.2M and increased 57% for the full year to $62.9M. Net loss narrowed to $4.2M in Q4 and $8.1M for the full year (versus $6.7M and $26.5M in prior-year periods). The company generated positive operating cash flow of approximately $66M for 2025.
Operating Leverage and Expense Discipline
Full-year gross profit increased 44% to $166M while operating expenses increased only 25% to $175M. Adjusted operating expense as a percentage of revenue improved to 4.3% (from 5.7% prior-year) and adjusted OpEx per transaction declined 22% to $440 (from $565), demonstrating scalability.
Agent Base Expansion and Productivity Gains
Agent headcount grew 31% year-over-year to 31,739 agents at year-end 2025 and the company reports over 33,000 agents today. Management cited improving agent productivity and higher engagement as drivers of growth.
Ancillary Services Momentum
Ancillary revenue grew 24% in Q4 to $3.2M and reached $11.9M for the full year. OneReal Mortgage revenue was $6M in 2025 (up 50% YoY); OneReal Title generated $5M (up 5% YoY); RealWallet produced ~$900K in 2025 and is running at ~ $1.5M annualized.
RealWallet Adoption and Financial Products
RealWallet adoption exceeded 7,000 agents with ~$23M in deposits. The platform extended over $8M in lines of credit; Q4 wallet revenue was $339K (an 8x increase from its launch quarter). Wallet is positioned as both a revenue and retention tool.
Technology and AI Integration
Proprietary platform Reason and embedded AI tools drove efficiency: LEO Copilot has recorded over 700,000 agent engagements since launch and automated ~46% of support volume (~20,000 inquiries). HeyLeo consumer portal launched in beta with integrations (180 current; target 400 by July) to scale agent-to-consumer engagement.
Strong Balance Sheet and Shareholder Returns
The company finished the year debt-free with $49.9M in unrestricted cash and investments, approximately $50M liquidity, and returned $39M to shareholders through buybacks (including $15M in Q4).
REAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
REAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 04, 2026 | $2.74 | $2.76 | +0.73% |
Oct 30, 2025 | $3.57 | $3.47 | -2.80% |
Aug 07, 2025 | $4.11 | $4.09 | -0.49% |
May 08, 2025 | $4.47 | $4.32 | -3.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Real Brokerage (REAX) report earnings?
Real Brokerage (REAX) is schdueled to report earning on May 12, 2026, Before Open (Confirmed).
What is Real Brokerage (REAX) earnings time?
Real Brokerage (REAX) earnings time is at May 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REAX EPS forecast?
REAX EPS forecast for the fiscal quarter 2026 (Q1) is -0.03.